The ABC of wages

With the election of the co-alition government, there has been a focus on Government spending. One of the main focus has been the Government spending on the ABC. I wonder whether the wages bill of the ABC has gone out of control.

So I have crunched the numbers since 2007 (or 6 years).

We have Government Funding growing at around 2% a year during that time, which isn't too crazy. However over that time, the average wage of the FTE (wages bill divided by number of FTE's) has gone from $79,074 to $102,372, an increase of 4.4% a year, far in excess of inflation.

Seems like the ABC could do with some wage restraint. Turn off the tap in my opinion!